Trade Report: Today, Tesco PLC’s (TSCO) “Sell” Rating Reaffirm at Societe Generale

Today, Tesco PLC’s (TSCO) “Sell” Rating Reaffirm at Societe Generale

Tesco PLC (LON:TSCO)‘s stock had its “sell” rating reaffirmed by equities researchers at Societe Generale in a report released on Wednesday. They currently have a GBX 167 ($2.07) price objective on the retailer’s stock. Societe Generale’s target price suggests a potential downside of 20.43% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Citigroup Inc. reiterated a “buy” rating on shares of Tesco PLC in a report on Monday, September 12th. Morgan Stanley upped their target price on Tesco PLC from GBX 160 ($1.98) to GBX 170 ($2.11) and gave the company an “equal weight” rating in a report on Wednesday, September 14th. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a report on Wednesday, August 31st. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 185 ($2.30) target price on shares of Tesco PLC in a report on Wednesday, August 24th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 185 ($2.30) target price on shares of Tesco PLC in a report on Wednesday, September 21st. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Tesco PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 198.68 ($2.46).

Tesco PLC (LON:TSCO) traded down 1.23% on Wednesday, reaching GBX 209.60. The company’s stock had a trading volume of 13,650,527 shares. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 219.00. The company has a 50-day moving average price of GBX 208.37 and a 200 day moving average price of GBX 176.49. The company’s market cap is GBX 17.07 billion.

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